Perbedaan Efisiensi Perusahaan Asuransi Jiwa Syariah dan Konvensional di Indonesia Dengan Metode Data Envelopment Analysis (DEA)

Astuti, Yurike Fitria; Suprayogi, Noven

doi:10.20473/vol4iss20178pp668-683

Cited by 4 publications

(9 citation statements)

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“…On the other hand, participant funding expenses are all insurance expenses recorded in the tabarru fund underwriting surplus report (Bustami and Nurlela, 2013, p. 8). Therefore, total expenses are the total operating expenses in the company’s income statement and insurance expenses recorded in the tabarru fund underwriting surplus report (Astuti and Suprayogi, 2017).…”

Section: Methodsmentioning

confidence: 99%

“…Meanwhile, according to PSAK No. 21, total capital is the difference between liabilities and assets (Astuti and Suprayogi, 2017).…”

Section: Input and Output Variablesmentioning

confidence: 99%

“…On the other hand, the total investment consists of the entire investment owned by the company, recorded in the company's balance sheet added to the investment in participant funds registered in the participant's balance of funds (Hidayati, 2017). Thus, the total investment is issued from company funds and funds itself (Astuti and Suprayogi, 2017). An output variable is produced through various inputs (Putri, 2020).…”

Section: Input and Output Variablesmentioning

confidence: 99%

“…Meanwhile, the definition of profit observed by the current accounting structure is the difference between income and costs. It is obtained from company funds and participant funds (Astuti and Suprayogi, 2017). Second, investment income generates from all investments (stocks, Sukuk [sharia certificate], Sharia mutual fund time deposits and others) from company funds and participant funds.…”

Section: Input and Output Variablesmentioning

confidence: 99%

“…Second, investment income generates from all investments (stocks, Sukuk [sharia certificate], Sharia mutual fund time deposits and others) from company funds and participant funds. Investment income, also, is the result of investments made by placing company funds or participant funds in investment instruments, such as stocks, deposits, Sukuk and others (Astuti and Suprayogi, 2017).…”

Section: Input and Output Variablesmentioning

confidence: 99%

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Productivity analysis of family takaful in Indonesia and Malaysia: Malmquist productivity index approach

Sukmaningrum

Hendratmi

Rusmita

et al. 2022

JIABR

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Purpose This study aims to investigate the productivity level of family takaful in Malaysia and Indonesia from 2014 to 2019. Productivity can support corporate sustainability, which is one of the company’s goals. Design/methodology/approach The measurement of the productivity level in this study involved applying the Malmquist Productivity Index (MPI) method. The input variables used consisted of equity, total expenses and total investment. The output variables consisted of total profit and investment income. In addition, this research used the orientation of the output and intermediation. Findings Throughout the study period, the Indonesian family takaful had an average total factor productivity change (TFPCH) of about 0.945. In other words, it did not reach optimal productivity. It is more due to the low value of technological change (TECHCH). On the contrary, family takaful companies in Malaysia had called productivity, showing a TFPCH of about 1.041. Again, this is mainly due to an increase in TECHCH and efficiency change, but it is still low in pure technical efficiency change. Research limitations/implications This study focuses on factors that exist in internal takaful companies. Neither micro- nor macroeconomic variables that can affect productivity levels have been measured. In addition, this study only analyzed two countries out of the 11 countries in the Southeast Asian region. Practical implications Family takaful companies can use the productivity index as one of the bases of evaluation in managing their resources to enhance optimal output. Furthermore, the management of family takaful companies in Indonesia needs to focus more on technological innovation and delivery of services to increase productivity. Meanwhile, family takaful companies in Malaysia can maintain their technology usage and efficiency to operate productively. The government in both countries is expected to actively accelerate the growth of family takaful companies by producing regulatory products that strengthen the industry. Specifically, the government in Indonesia needs to make regulations that support technology improvement. Originality/value There is still not much research that examines family takaful’s productivity level using the MPI. The MPI is an appropriate tool to evaluate the productivity of family takaful companies. Thus, family takaful companies can improve their quality by assessing the productivity index value.

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Section: Methodsmentioning

confidence: 99%

“…Meanwhile, according to PSAK No. 21, total capital is the difference between liabilities and assets (Astuti and Suprayogi, 2017).…”

Section: Input and Output Variablesmentioning

confidence: 99%

Section: Input and Output Variablesmentioning

confidence: 99%

Section: Input and Output Variablesmentioning

confidence: 99%

Section: Input and Output Variablesmentioning

confidence: 99%

See 3 more Smart Citations

Productivity analysis of family takaful in Indonesia and Malaysia: Malmquist productivity index approach

Sukmaningrum

Hendratmi

Rusmita

et al. 2022

JIABR

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Determinants of sharia life insurance productivity in Indonesia

Sukmaningrum

Hendratmi

Shukor

et al. 2023

Heliyon

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The Importance of the Efficiency of Mutual Life Insurers: A Comparison to Stock Life Insurers

Wise¹

2020

Folia Oeconomica Stetinensia

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Research background: Mutual companies are a major component of the life insurance industry worldwide and moreover are growing in importance. Efficiency, potentially affected by whether a life insurer company is mutual or stock, can determine how well said companies perform.Purpose: The aim of this paper is to demonstrate the importance of examining the efficiency of mutual and takaful (similar to mutuals) life insurance companies.Research methodology: This research coordinates 1) ideas regarding the size and importance of the mutual and takaful life industries worldwide, 2) theoretical aspects concerning how the efficiency of mutual/takafuls is expected to compare to that of stock insurers and 3) the outcomes of germane life insurance efficiency studies.Results: The outcomes of life insurance efficiency studies tend to show that, in total, stock insurers are more efficient than mutuals apart from one conspicuous element. As mutuals are substantial within several of the world’s largest life markets and the global life industry their being inefficient can be exceedingly negative. The overall conclusion is that such inefficiency can lead to dire economic problems so it is imperative to investigate the efficiency of mutuals/takafuls and perhaps the one element of stocks.Novelty: This article is the first to investigate the results of mutual/takaful life insurer efficiency studies in concert with the abovementioned theory and draws a vital conclusion regarding mutual/takaful life insurer inefficiency.

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Perbedaan Efisiensi Perusahaan Asuransi Jiwa Syariah dan Konvensional di Indonesia Dengan Metode Data Envelopment Analysis (DEA)

Cited by 4 publications

References 0 publications

Productivity analysis of family takaful in Indonesia and Malaysia: Malmquist productivity index approach

Productivity analysis of family takaful in Indonesia and Malaysia: Malmquist productivity index approach

Determinants of sharia life insurance productivity in Indonesia

The Importance of the Efficiency of Mutual Life Insurers: A Comparison to Stock Life Insurers

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